0721 GMT - Asian currencies are likely to trade on the "back foot in interim," two members of OCBC Global Markets Research say, noting U.S. President-elect Trump's pledges of tariffs on products from Mexico, Canada and China. Factors including tariff threats, heightened geopolitical uncertainties and reduction in Fed rate-cut expectations could keep the greenback broadly supported on dips, they say in a research report. However, stretched USD valuations, technical signals and a possible December seasonality effect may slow or even reverse USD's momentum, they add. USD/THB rises 0.35% to 34.73; USD/MYR gains 0.4% to 4.4685. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 26, 2024 02:21 ET (07:21 GMT)
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